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ZIM informed that in view of the further rise in bunker prices, the Emergency Bunker Surcharge will increase to USD140 per TEU, effective August 1st. The Emergency Bunker Surcharge applies to the trades from Asia and Indian sub-continent to North Europe, Mediterranean, and Black sea . The Emergency Bunker Surcharge is reviewed on a monthly basis. ...
The largest shipyard in the world measuring 460 meters long with a width of 135 meters has opened in Dalian , a coastal city located northeast of China , according to China Briefing. The shipyard located in Changxing Island has bypassed the Philippine shipyard built by Hanjin Heavy Industries by 1 meter long and 1 meter wide. It was built with i...
A consortium made up of Sri Lankan conglomerate Aitken Spence and China Merchant Holdings are the sole bidders to design and build a new container terminal in Colombo port, officials said. "We are the only bidder, there is no competition, " a spokesperson for Aitken Spence said soon after bids closed Wednesday. "Our technical qualifications will have ...
The Port of Gulfport will begin work Thursday on what will be a multimillion expansion that will increase its capacity to handle more and bigger ships. The port plans to fill 20 acres on the West Pier with $22.5 million in federal funds provided for Hurricane Katrina relief. The project will kick off at 2 p.m. Thursday with a ground-breaking ceremony...
Manila is set to get its loan from the French government anytime this month to build dozens of modular ports all over the country, but Malacañang will have to decide where to place these facilities. Philippine Ports Authority general manager Oscar Sevilla said they expect the €170-million government-to-government loan, or about P11.7 bill...
The global merchant fleet needs to be cut by 20 percent to eliminate a glut of vessels caused by the global recession, shipowner Philippe Louis-Dreyfus said. "I don't see how current freight demand can solve the overcapacity crisis, " Louis-Dreyfus, president of Louis-Dreyfus Armateurs, said at a conference in Brussels, according to an e- mailed statement...
NORWAY ’S Aker Solutions told Fairplay today it has signed a landmark contract with Maersk FPSOs for mooring installation offshore work in Brazil . The contract to perform the mooring installation at Brazil ’s Peregrino oil field is Aker’s first marine installation job in the country, marking the company’s first steps i...
THE CHINESE Iron & Steel Association has reportedly signed a deal with iron ore suppliers calling for a one-third price cut. The same 33% reduction was earlier agreed by Japanese and South Korean steelmakers. The deal, reported by China Business News, is for just April-October, rather than for a full 12 months. The CISA had leaked early news po...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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